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Cable Update (GBPUSD)

  • #292,601
  • Nov 15, 2011 9:38am Nov 15, 2011 9:38am
Quoting lwiharjo
any one with a clue to why this pair keeps on dropping down? and how low will it go? is 5815-5819 a strong support right now?
looks like sell around 1.59XX with s/l above 1.5980 is a profitable trade for this pair for the rest of this week..
dunno if you should buy it now, but i believe short is less risky than long at current situation.
  • #292,602
  • Nov 15, 2011 9:41am Nov 15, 2011 9:41am
Quoting lwiharjo
any one with a clue to why this pair keeps on dropping down? and how low will it go? is 5815-5819 a strong support right now?
Good day,

Another 100 pips lower quite possible...

BUT - am building long slowly here. Every 30 pips drop starting @ 1.58217

regards
  • #292,603
  • Nov 15, 2011 9:42am Nov 15, 2011 9:42am
There speaks some one who sounds as though they are nursing a long position ?

It kepps falling because generally today there are more sellers than buyers, it has fallen thru the previous 4hr/daily swing hi zone (previous resistance) on that last leg down to 5811 to a previous minor 4hr swing hi (prev res) ...nearest fib is the 38.2% 5270-6165. Is it strong support ? well there were certainly buyers there - but how strongly they will defend that area no-one knows really we all just have our trading edges and mine is not predictive...what does your analysis tell you ?

Price is at 78% of it's 20day atr so far today.

G/L

Quoting lwiharjo
any one with a clue to why this pair keeps on dropping down? and how low will it go? is 5815-5819 a strong support right now?
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ex member
  • #292,604
  • Nov 15, 2011 10:26am Nov 15, 2011 10:26am
Currently,GU has break the previous ranging channel as well as Monthly Pivot.We should expect a down trend.However,beware should the market retrace back to the previous resistance,either 1) Monthly Pivot or 2) previous Support on H4 channel.


Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #292,605
  • Nov 15, 2011 10:28am Nov 15, 2011 10:28am
Quoting lwiharjo
any one with a clue to why this pair keeps on dropping down? and how low will it go? is 5815-5819 a strong support right now?
With a triple top the support level can be imagined by drawing a line at the base level of the lows and usually traders choose to enter into short position once the price level falls through this support level.


Read more: http://www.babypips.com/forexpedia/T...#ixzz1dn0FmRWe

Gone to a better place
  • #292,606
  • Nov 15, 2011 10:32am Nov 15, 2011 10:32am
this thing is crashing together with euro.

im short again 5820 heavy postion to target 57 area
90% of traders use TA, indicators and prediction
  • #292,607
  • Nov 15, 2011 10:35am Nov 15, 2011 10:35am
Quoting _BBKing_
this thing is crashing together with euro.

im short again 5820 heavy postion to target 57 area

out now half and stop @be

target 5762

i dont buy until signs of reversal....
90% of traders use TA, indicators and prediction
  • #292,608
  • Nov 15, 2011 10:40am Nov 15, 2011 10:40am
Price testing 5794 = 76.4% 5681-6165 at the lo, (eurusd in a previous daily swing lo zone) below here on gbpusd:

5781-5752 prev 4hr sw lo zone incl 5781=61.8% 5541-6165, 5762 = Weekly S2 @/around and 5757 = 76.4% 5629-6165 and 5750 85.4% 5681-
6165

5745 Daily S2 @/around

5718 50% 5270-6165
5708 85.4% 5629-5165
5704-5681 prev 4hr sw lo zone incl 5689 = 76.4% 5541-6165

5660-5629 prev daily/4hr sw lo zone and prev dly sw hi zone incl 5657 = Weekly S3 @/around, and 5632 = 85.4% 5541-6165

5613 61.8% 5270-6165
5609 Daily S3 @/around
5554-5541 prev daily/4hr sw lo zone
5504-5490 prev 4hr sw hi zone incl 5501 = Monthly S1 @/around
5481 76.4% 5270-6165
5386 85.4% 5270-6165
5336-5319-5270 prev weekly/daily/4hr swing lo zone
5194 61.8% 4225-6746

G/L
ex member
  • #292,609
  • Nov 15, 2011 10:47am Nov 15, 2011 10:47am
Today's BoE inflation statement and actual drop in inflation is not bullish. Quantitative easing is at full pelt.

USDX is very bullish, though, with almost every pair losing ground to the mighty dollar, except the Yen.

我认为，这将很快发生变化，以及。
Gone to a better place
  • #292,610
  • Nov 15, 2011 10:57am Nov 15, 2011 10:57am
Quoting smikester

我认为，这将很快发生变化，以及。
通过干预
  • #292,611
  • Nov 15, 2011 10:58am Nov 15, 2011 10:58am
Quoting Geene
long @5866 sl-30
Out
Trader from Croatia
  • #292,612
  • Nov 15, 2011 11:02am Nov 15, 2011 11:02am
Quoting gsantri
通过干预
你是中国印度尼西亚?
顺便说一下，干预现在看来未来
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If there was easy money lying around,no one would be forcing it into your
  • #292,613
  • Nov 15, 2011 11:04am Nov 15, 2011 11:04am
為什麼我們講中文,在對日元時?

谷歌翻譯是很酷......

沿索我的希望正在迅速破滅。
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #292,614
  • Nov 15, 2011 11:07am Nov 15, 2011 11:07am
Quoting 45Condor
為什麼我們講中文,在對日元時?

谷歌翻譯是很酷......

沿索我的希望正在迅速破滅。
WTF?
Attached Image
  • #292,615
  • Nov 15, 2011 11:08am Nov 15, 2011 11:08am
ok out @ be

but still not buying
90% of traders use TA, indicators and prediction
  • #292,616
  • Nov 15, 2011 11:08am Nov 15, 2011 11:08am
Quoting FXMindset
你是中国印度尼西亚?
顺便说一下，干预现在看来未来
se ho visto chi?
90% of traders use TA, indicators and prediction
  • #292,617
  • Nov 15, 2011 11:10am Nov 15, 2011 11:10am
Why are we speaking Chinese when talking about the yen?

Google translate is pretty cool...

My hopes for a long in Cable are rapidly being dashed.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #292,618
  • Nov 15, 2011 11:11am Nov 15, 2011 11:11am
Quoting 45condor
為什麼我們講中文,在對日元時?

谷歌翻譯是很酷......

沿索我的希望正在迅速破滅。
射雕英雄传 :d
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If there was easy money lying around,no one would be forcing it into your
  • #292,619
  • Nov 15, 2011 11:14am Nov 15, 2011 11:14am
Quoting FXMindset
射雕英雄传 :d
Well, she appears to have virtues that a man would fight for, but as for your comment, nah, Google translate is as bewildered as I.

So, which language is this character assembly?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #292,620
  • Nov 15, 2011 11:14am Nov 15, 2011 11:14am
Quoting fxmindset
你是中国印度尼西亚?
顺便说一下，干预现在看来未来

我是中国人，从谷歌省
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